PepsiCo Raises Guidance Again as Higher Prices Lift Sales

by | Oct 12, 2022 | Business

Listen to article(2 minutes)PepsiCo reported a nearly 9% rise in third-quarter revenue and again lifted its sales outlook for the year as it continued to increase prices on its snacks and drinks amid rising costs.The company on Wednesday said that it expected full-year organic revenue—a metric that adjusts for items such as foreign-exchange translations, acquisition and divestitures—to increase 12%, up from the 10% it had forecast in July. It originally expected organic sales to rise 6% for this fiscal year, which ends in late December.

Article Attribution | Read More at Article Source

Share This